Australian shares are set to open higher on Monday as investors track Wall Street's rally last Friday.

The US government averted a shutdown after the Senate passed a Republican-led stopgap funding bill for the next six months.

Wall Street logged its biggest daily jump since the November 2024 election last Friday after days in the contraction territory. The Nasdaq Composite climbed 2.6%, the S&P 500 rose 2.1%, and the Dow Jones Industrial Average advanced 1.7%.

In corporate news, National Australia Bank (ASX:NAB) said group Chief Financial Officer Nathan Goonan resigned, according to a Monday filing. Goonan will leave the bank later this year and join Westpac Banking (ASX:WBC, NZE:WBC) as CFO, subject to regulatory approval.

Infomedia (ASX:IFM) said Chair Jon Brett resigned, effective immediately, due to health reasons. Non-Executive Director Jim Hassell will succeed Brett as interim chair.

Australia's benchmark index rose 0.5% on March 14 to close at 7,789.70.